What is the difference between phishing and pharming?
A. Phishing is a technique to gain personal information for the purpose of identity theft, and pharming reroutes requests for legitimate websites to false websites.
B. Phishing is the right of the company, where pharming is the right of the individual.
C. Phishing is not illegal, pharming is illegal.
D. All of these.
Answer: A
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Joseph, Inc uses the accrual basis of accounting. Joseph's insurance expense account had a $23,000 balance at the end of the year. The prepaid insurance account had a $6,000 balance at the beginning of the year and a $3,000 balance at the end of the year. How much cash was paid for insurance during the year?
A) $4,000 B) $20,000 C) $21,000 D) $29,000
Skimming involves
a. stealing cash from an organization before it is recorded b. Stealing cash from an organization after it has been recorded c. manufacturing false purchase orders, receiving reports, and invoices d. A clerk pays a vendor twice for the same products and cashes the reimbursement check issued by the vendor.
Co-culture members who practice the ______ approach usually accept their position in the cultural hierarchy, while those who practice the ______ approach seek to communicate a shared cultural identify with members of the dominant group.
Fill in the blank(s) with the appropriate word(s).
The employees of Vintage Clothes achieved all of the sales goals for 2017. Vintage decides to reward the employees with a bonus of 20% on annual net income, after deducting the bonus. The net income before the calculation of the bonus is $312,000. What is the amount of the bonus? (Round your final answer to the nearest dollar.)
A) $62,400 B) $52,000 C) $55,059 D) $12,480